Derivative Loan definition
Derivative Loan the outstanding amount at any given time of the loan disbursed by the Bank to the Customer to the debit of the Refinancing Loan on the basis of the present Derivative Loan Contract.
Examples of Derivative Loan in a sentence
Derivative Loan Commitments - Mortgage loan commitments are referred to as derivative loan commitments if the loan that will result from exercise of the commitment will be held for sale upon funding.
The Bank disburses the Derivative L The Bank disburses the Derivative Loan on the basis of the Drawdown Letter submitted by the Customer, after the refinancing has been made available by Eximbank, following the receipt of the Refinancing Loan by the Bank and the fulfilment of all drawdown conditions set forth in the present Contract.